St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-29
On the Beard of Trade Matters Were
Livened Up by the Intense
Cold.
The Visible Supply Figures Create Tenl-
porary Astonishment---The
Bulge in Pork.
Transactions in the Financial Circles Of
Wall Street.-The General
Quotations.

the quality of gaminess in the most OF the
speculative articles on the list. They accord
ingly made a general attack. selling January
wheat from 76l2 to 7614c, May wheat from
S234 to S2I2c. December corn down 10
453ic and May corn down to Boise Corn
developed unexpected strength, however,
and before 10:30 May was quoted at 50s4e,
or nearly Iac higher than Saturday close.
Wheat also steadied. January going TO 76ssc
and Nav to e294G s27sc. There was good
buving all around. The, weakness Saturday
was on rain and much of the strength this
morning is due to the belief that the extreme
cold has injured the winter wheat. Cables
were steady Provisions were strong around
the opening and started in considerably
higher, First quotations were at an advance
of IOMI5e in pork, 7l4c in lard and LOG
12Iac in ribs. January lard was freely traded
in at S7IO@712l2; May lard atS7. 40@7
January ribs at 81. 17l2@7.20; January pork
atSI4251l43 So and May pork at S1175@
1I.77I2. A sensational trade of 10000
bbls of pork for May delivery on basis OF
SI475 occurred, Wright selling to Bloom,
who made bluff Sc above the market The
packers were rather free sellers on the ad-
vance in product.
THE VISIBLE SUPPLY STATEMENT
was an astonisher. Instead of there being an
pected the increase was less than 100000
bu. The changes of the week are as follows:
Wheat 4S9. S11 bu increase; corn. 467.22l
bu decrease; oats, 2S,404 bu decrease: rye,
77S77 bu increase; barley, 209. 40 bu in
crease The local stocks comprise 4, 49,, 433
bu of wheat, l. 0I0. 369 Blu of corn, 1,204, 1856
bu of oats, 29,5s6 bu of rye, 26l 800 Blu of
barley
The effect of the announcement OF visible
stocks was to advance the market, a compar-
ison of cables had previously put the crowd
in a proper frame of mind for an improve
ment. Public adyices were unyaryingly in
the direction of improvement. Private ad-
vices were in a more conservative vein, but
the leaning was decidedly the same way.
The domestic situation was also considered
strong aside from the freeze which is prob
ably looked upon with greater apprehension
BY the wheat raisers in the pit than by the
tillers of the soil. Receipts are falling off,
and in a few weeks more stocks will
begin to decrease instead of increase. The
first of the year will see the maximum of ae-
cumulation and available supplies will IN
ouestionab1y be 10000 600 less than last
year and possibly more than that. The coun-
try is in wheat, corn and provisions. Coun-
try trades average good profit, and the prop
erty is tenaciously held. Little raids that
formerly scared the country to cover have no
effect now This forenoon December wheat
advanced to 7614c and May to S3Isc. AT the
top local plungers sold heavily and there was
general realizing but the market only re-
ceded fractionally and closed firm. The
corn pit was again the principal point of in
terest, and the feeling was very bullish this
spirit growing stronger, as the day advanced.
The market Went to 46I2c for December,
~ IL
would have gone higher but for the steady
selling by Hutchinson below sic for Magyar
selling by Jones, Mccormick d Kenneth at
sic and above Hutchinson Phillips have
been snoring the market for several days,
and the selling by Jones to-day was to take
in profits on portion Of the recent purchase.
The country is heavily interested in corn and
is adding to its holdings. Oats. TOO, were
strong as bull beef and May was bought
freely at 32@32ssc. Provisions presented an
unbroken strong front with Bloom and the
country bulling and Cudahay and the pack
ers selling. The market did not close quite
at the top, but substantial Improvement
was established over Saturday.
THE ROUTINE REPORT.
CHICAGO. Nov. 2S.-The intensely cold
weather this morning had tendency to
liven up matters on the board of trade to-day
and the arguments of the bulls caused the
whole list to open up and some of the pro
duets at quite an advance May wheat was
quoted at S234c which was lac higher than
il closed Saturday. There was little of it for
sale After a while il sold up 10 S27sc, but
free selling soon put 1t back TO S2Ssc, from
whence it recovered TO S27sc to S3c. The
local crowd stood about even on the market
having made their arrangements to this effect
on Saturday, and were not disposed to do
very much until the visible should have made
the situation clearer than it was without it.
To-day there was the usual Monday morning
wait for the appearance of the figures. though
The changes are generally pretty accurately
figured out beforehand, so closely, in fact,
that the posting rarely has the effect 1t once
had. The crowd to-day was badly out of the
way. New Workers were among the first to
discover that they had been figuring on too
much wheat and sent the tip West. This
helped the May opuon up 10 oZfSc second
time, and after the wheat increase was
officially announced at only 100000 bu the
market quickly strengthened TO S3ls@ S3Bc.
1t closed firm at S3lsc. May corn opened at
5OI4c and in Symathy with wheat went to
5O34c. The close was at sic. The greatest
bulge was in pork. The January option
opened at S14. 22I2, sold up TO S14 80, but the
demand did not last, and after selling down
to S14 20 it closed at the opening figures.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, December, opened at 7524e,
closing at T6Ac; January, 1850, closing at
May, S234c, closing at S3lsc. Corn-No. =,
November, opened at 46l2c, closing at46s4c;
December, 457sc, closing at 46sSc; January,
Ace closing at 46l2c: May, 5014c. closing
at Sic Oats-No. 2, December, opened at
2SsSc, closing at 2SSsc; May. 313Sc, closing
at 32Ssc Mess Pork-per Dbl, January,
opened at 81, 22L2; closing at S!4 22l2;
February, Sl4.40, closing at S14.45; May,
$l4.75, closing at S14.77l2. Lard-per 100
lbs, December opened at 81, closing at
S7.O2I2; January, S7.12l2, closing al S7.07l2;
February, $3.50, closing at S7.17l2; May,
S7.42I2, closing at S7.42I2. Short Ribs
per 100 lbs, January opened at 500, clos
ing at S7.15; February, $3.50, closing at
S7.25: March, $40, closing at S7.35
Cash quotations were as follows: Flour
was very quiet with prices steady; No 2
spring wheat, 75S4c: No. 3 spring wheat
65lac; No. > red, 76c. Corn-No. . 46s4c.
OatS-No. 9 29lsc Rye-No. ., Doc. Bar
ley-No. =, 75c. Flax seed-NO. l, $l.220
123, Timothy seed-Prime, $3.50. Mess
pork, per Dbl, S14@1425. Lard, per 100
TBS. $1,000. OLE: short rib sides Qoose)
S7.10@7.15; dry sailed shoulders, lboxed)
S745@7.5U. Whisky-Distillers' finished
goods per gallon, S1.1O. Sugar-Cut loaf.
TAQ7s4c; granulated, Csc bid; standard
"a 6I2c bid. Flour-Reeeipts, 5,000 bbls. !;
shipments, loo bbls; wheat, receipts,
$1,000 bu; shipments 10000 bu; corn,
receipts, 205.000 bu.; shipments, 3O3, 900
bu; oats receipts 115, 900 bu: shipments,
90, 900 bu: rye, receipts, 1000 bu; ship
ments, 1000 bu; barley, receipts, $4,000
bu; shipments, 74.O0Gbu. On the produce
exchange to-day the butter market was firm
fancy creamery, 27l2@29c; fancy dairy, 25@
26c. Eggs-20@2lc.
r. M. NEWPORT & SON,